$GMT to $1.5 after a nice rally
The price of GMT from its listing has gone over 30X, however, it has reached the local top and it is quite rational that it will correct completely even if it will brace for another run.
I have been holding a short for $GMT since it got to $3 and I will only take profit fully when it gets to $1.5, I also think the token is overhyped and doesn't really offer any real substance in the short term and long term.
I advise everyone who has bought to take profit on their trade and take themselves out.
Daily RSI reached 97, it is overbought on every time frame and has developed multiple bearish divergences of both the RSI and OBV on virtually every timeframe.
I have been holding a short for $GMT since it got to $3 and I will only take profit fully when it gets to $1.5, I also think the token is overhyped and doesn't really offer any real substance in the short term and long term.
I advise everyone who has bought to take profit on their trade and take themselves out.
Daily RSI reached 97, it is overbought on every time frame and has developed multiple bearish divergences of both the RSI and OBV on virtually every timeframe.